assumed that the activities of Ford Motor company can be distinguished from those of General Motors because of the A going concem assumption B) economie entity assumption C) monetary unit assumption D) periodicity assumption 07. An intangible asset A) derives its value from the rights and privileges it provides the owner. B) is worthless because it has no physical substance. C) is converted into a tangible asset during the operating cycle. D) cannot be included on the classified balance sheet because it lacks physical substance. 08. Bread Corporation has assets of $5,000,000, current liabilities of $1,100,000), and long-term habilities of $2,350,000. What are the shareholder's claims on its assets A) $2,650,000 B) S6, 100.000 C) $3,900,000 D) $1,550,000 09. The following information is available for Bradshaw Corporation and Newell Corporation: Bradshaw Corporation 2020 2019 25 500 480 200 180 (in millions) Preferred dividends Net income Shares outstanding at the end of the year Shares outstanding at the beginning of the year 10 Newell Corporation 2020 2019 0 30 490 520 150 200 180 150 200 220 Based on this information, what is the amount of Bradshaw's earnings per share (rounded to two decimals) for 2020? A) $2.76 B) $2.50 C) $1.25 D) $1.32 How can a company improve its current ratio? A) Work with a creditor to reclassify some current debt into long-term debt. B) Collect accounts receivable. C) Nothing can ethically be done to improve the current ratio. D) Use excess cash to buy new equipment